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XRP has recently achieved a significant milestone on the derivatives market, gaining market attention. CME-traded XRP and Micro XRP futures have crossed over $1.6 billion in total notional volume traded since their official launch, demonstrating growing demand for regulated XRP investment products.
XRP futures started trading on the Chicago Mercantile Exchange’s (CME) derivatives platform in May, becoming the first regulated futures tracking the price of XRP in the U.S.
The launch began with two contract sizes for XRP: micro futures 2,500 XRP and standard futures 50,000 XRP, both cash-settled and based on the SME CF XRP-Dollar Reference Rate, which tracks the price of XRP.
On July 11, CME-traded XRP contracts reported a single-day notional trading volume of $235 million, setting a new record for the futures suite.
This surge pushed the total notional volume over the $1.6 billion mark — a huge feat in a relatively short period. On this date, over 9,100 contracts were traded, over 82 million XRP equivalent was marked, and volume for Micro XRP contracts reached a record.
These numbers not only reflect strong trader interest but also validate XRP’s growing presence on institutional markets. With both standard and micro-sized contracts available, XRP futures will gain interest from hedge funds to individual speculators.
XRP Futures ETF set to launch in days
The ProShares XRP Futures ETF, due to launch on July 18, has introduced a new capital allocation vector, particularly for pension and endowment portfolios.
At press time, XRP was down 3.4% in the last 24 hours to $2.91, amid a 27% weekly surge that saw it climb to $3.03 in a six-day surge.
If regulatory clarity improves and the ProShares ETF vehicle gains traction, XRP may see renewed inflows, expanding its institutional interest.
Vladislav Sopov
U.Today Editorial Team